James Richardson
Haun Ventures, the crypto-focused investment firm founded by Katie Haun, is raising $1 billion to launch two new funds, according to Fortune. Once completed, this will be the largest venture capital raise since the beginning of President Trumpโs second term.
The firm aims to finalize the funding round by June, allocating $500 million for early-stage startups and another $500 million for late-stage investments. This strategy mirrors Haun Venturesโ initial $1.5 billion fund, raised in 2022, just before the crypto market downturn.
Founded during a period of record-breaking crypto fundraising, Haun Ventures is backed by a16z Crypto, which previously secured $4.5 billionโone of the largest raises in the industry. Other major investors include Polychain Capital and Paradigm.
This new fundraising effort comes as crypto regulations in the U.S. shift, with Trump reaffirming his support for digital assets. In a recent statement, he reiterated his commitment to making the United States the global leader in crypto innovation.
Katie Haunโs Journey from Prosecutor to Crypto Investor
Before launching her own firm, Katie Haun was a general partner at a16z and served on Coinbaseโs board. She stepped down from Coinbase last year but had previously played a key role in major legal cases, including the prosecution of Silk Road founder Ross Ulbricht during her time at the U.S. Department of Justice.
Learn: What is Cryptocurrency?
Haun Venturesโ Strategic Investment Approach
Initially, Haun Ventures planned to deploy its first $1.5 billion within two years, but the firm slowed its investment pace after the collapse of FTX in late 2022. By mid-2023, approximately 60% of its capital remained unallocated.
Some of Haun Ventures’ most notable investments include NFT marketplace Zora and stablecoin protocol Bridge, which was recently acquired by Stripe for $1.1 billion.
With this new $1 billion fund, Haun Ventures continues positioning itself as a major player in the next wave of crypto innovation and investment.
